Freddie Mac And Lehman Reach $767 Million Deal

Lehman Brothers Holdings Inc Plan Trust (OTCMKTS:LEHMQ) reached a $767 million deal with Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) that would help Lehman to release millions of dollars more to customers. Freddie Mac’s claim against Lehman Before its collapse, Lehman Brothers purchased mortgages from originators, securitized them – creating now-famous mortgage-backed securities – and sold them upstream to purchasers including Freddie Mac. The mortgage originators allegedly gave representations to Lehman Brothers about the quality of the mortgages that eventually proved false. Lehman Brothers Holdings Inc Plan Trust (OTCMKTS:LEHMQ)’s deal with Freddie relates to settling a $1.2 billion claim that…